Cerner Co. (NASDAQ:CERN) – Equities research analysts at Jefferies Financial Group reduced their Q1 2019 earnings per share (EPS) estimates for shares of Cerner in a research report issued on Tuesday, April 9th. Jefferies Financial Group analyst S. Dodge now forecasts that the company will post earnings of $0.56 per share for the quarter, down from their previous forecast of $0.57. Jefferies Financial Group also issued estimates for Cerner’s Q2 2019 earnings at $0.61 EPS, Q3 2019 earnings at $0.63 EPS and Q4 2019 earnings at $0.68 EPS.

Cerner (NASDAQ:CERN) last released its quarterly earnings results on Tuesday, February 5th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Cerner had a return on equity of 14.84% and a net margin of 11.74%. Cerner’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS.

A number of other equities analysts have also recently commented on CERN. Robert W. Baird increased their target price on Cerner from $67.00 to $71.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley set a $49.00 price target on Cerner and gave the stock a “sell” rating in a research report on Wednesday. Barclays reiterated a “hold” rating and issued a $68.00 price objective on shares of Cerner in a research note on Wednesday. Citigroup set a $77.00 price objective on Cerner and gave the company a “buy” rating in a research note on Wednesday. Finally, SunTrust Banks upgraded Cerner from a “hold” rating to a “buy” rating and increased their price objective for the company from $60.00 to $76.00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. Cerner presently has a consensus rating of “Buy” and a consensus target price of $68.67.

NASDAQ CERN opened at $63.71 on Thursday. The stock has a market capitalization of $20.43 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 2.08 and a beta of 0.97. Cerner has a twelve month low of $48.78 and a twelve month high of $67.57. The company has a quick ratio of 2.38, a current ratio of 2.41 and a debt-to-equity ratio of 0.09.

Institutional investors have recently bought and sold shares of the business. Brown Advisory Inc. raised its stake in Cerner by 6.6% in the fourth quarter. Brown Advisory Inc. now owns 11,983 shares of the company’s stock valued at $629,000 after buying an additional 740 shares in the last quarter. Parnassus Investments CA raised its stake in Cerner by 36.5% in the fourth quarter. Parnassus Investments CA now owns 9,829,823 shares of the company’s stock valued at $515,476,000 after buying an additional 2,626,045 shares in the last quarter. Reinhart Partners Inc. raised its stake in Cerner by 3.0% in the first quarter. Reinhart Partners Inc. now owns 304,317 shares of the company’s stock valued at $17,410,000 after buying an additional 8,932 shares in the last quarter. First Command Bank acquired a new stake in Cerner in the fourth quarter valued at $122,000. Finally, Beacon Financial Group raised its stake in Cerner by 500.0% in the fourth quarter. Beacon Financial Group now owns 30,710 shares of the company’s stock valued at $1,597,000 after buying an additional 25,592 shares in the last quarter. Institutional investors own 80.82% of the company’s stock.

Cerner Company Profile

Cerner Corporation provides health care information technology solutions and tech-enabled services in the United States and internationally. The company offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical, financial, and management information systems that allow providers to access an individual's electronic health record (EHR) at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers.

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Earnings History and Estimates for Cerner (NASDAQ:CERN)

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